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Financial Goals Update: January | Frugal & Simple

Financial Goals Update: January

We have gotten 2010 off to a good start! In January we made progress towards accomplishing our 2010 Financial Goals!

Here’s what we accomplished in January:

1. Save $3,000 for new to ¬†us vehicle. We have saved $151.50 towards this goal in January! We still have $2,848.50 left to go to reach the goal which is going to be a challenge but we’re doing good so far!

2. Add on a guest room in the basement without any debt. We have saved $450 towards this goal, thanks in part to saving our Christmas money and excess grocery money thanks to my pantry challenge! We haven’t started construction yet but hope to very soon!

3. Establish a college fund for Paxton. We have not established an official college savings account or even a savings account yet. We still aren’t sure what we are going to do as far as saving for college.

4. Make an extra principal payment each month. Our goal is paying $215 a month so we can pay the mortgage off in 15 years! This month we made $216. 55 in extra principal payments…$1.55 over our goal! Yay!